# Axuall funding: rounds and investors

> Axuall has raised $10M across 2 rounds since 2019. Investors include M25, JumpStart and Flare Capital. Every round with its source.

Source: https://millionrounds.com/company/axuall (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Axuall*

2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Big Data & Analytics Cybersecurity

Funding summary Updated 26 Oct 2026

**$10M** raised across 2 rounds since 2019, from 2 sources

**$3.0M** Seed **$7.0M** Series B

- **Latest round:** Series B, $7.0M Aug 2023
- **Step-up i:** 2.3×
- **Investors:** 8 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023

**$3.0M** Seed

**$7.0M** Series B

- **First round:** Seed, $3.0M
- **Biggest round:** $7.0M
- **Between rounds:** 3.8 years

## The rounds

- **Aug 2023** Series B **$7.0M** *2 new* *1 returning* [M25](https://millionrounds.com/fund/m25) [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Frist Cressey Ventures](https://millionrounds.com/fund/frist-cressey-ventures) Source recorded SEC filing: $7.0M sold, first sale Jul 2023
- **Sept 2019** Seed **$3.0M** *6 new* [JumpStart](https://millionrounds.com/fund/jumpstart) Lead [M25](https://millionrounds.com/fund/m25) [North Coast Angel Fund](https://millionrounds.com/fund/north-coast-angel-fund) [Drummond Road Capital](https://millionrounds.com/fund/drummond-road-capital) [Zapis Capital Group](https://millionrounds.com/fund/zapis-capital-group-llc) Kettledrum Ventures Reported by FinSMEs SEC filing: $3.0M sold, first sale Sept 2019

## Founders and team

From Axuall's own website and the SEC filings it signed: 3 founders, 13 on the team.

**Charlie Lougheed** CEO & Co-Founder

**Stephen Edward McHale** Founder, Director, & CEO *Named on its 2023 Form D*

**Michael Edward Greeley** Co-Founder & General Partner *Named on its 2023 Form D*

- **Edouard Valla** Chief Product Officer
- **Mark Dorman** Chief Financial Officer
- **Michael Hawkins** Chief Technical Officer
- **Scott Canupp** Chief Operating Officer
- **Dennis Leonard** VP of Engineering
- **Jeff Cyncynatus** VP of Client Services
- **Nadege Toomey** VP of People
- **David Movius** General Counsel
- **Kris Joshi** Independent Board Member
- **Steven Lindseth** General Partner
- **Aaron Edward Cornell** Executive Officer i
- **Charles Edward Lougheed** Executive Officer, Director, Promoter i
- **Ryan Edward Collins** Principal

On the board, as filed i *Ray Edward Leach*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2019 **Series B** 2023 [M25](https://millionrounds.com/fund/m25) [JumpStart](https://millionrounds.com/fund/jumpstart) L [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [North Coast Angel Fund](https://millionrounds.com/fund/north-coast-angel-fund) [Frist Cressey Ventures](https://millionrounds.com/fund/frist-cressey-ventures) [Drummond Road Capital](https://millionrounds.com/fund/drummond-road-capital) [Zapis Capital Group](https://millionrounds.com/fund/zapis-capital-group-llc) Kettledrum Ventures

## Everyone who backed them

[M25](https://millionrounds.com/fund/m25) VC firm **2** rounds

[JumpStart](https://millionrounds.com/fund/jumpstart) VC firm **1** round, led 1

[Flare Capital](https://millionrounds.com/fund/flare-capital-partners) VC firm **1** round

[North Coast Angel Fund](https://millionrounds.com/fund/north-coast-angel-fund) VC firm **1** round

[Frist Cressey Ventures](https://millionrounds.com/fund/frist-cressey-ventures) VC firm **1** round

[Drummond Road Capital](https://millionrounds.com/fund/drummond-road-capital) VC firm **1** round

[Zapis Capital Group](https://millionrounds.com/fund/zapis-capital-group-llc) VC firm **1** round

Kettledrum Ventures no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=axuall).

## Also claim to have backed them

These 3 firms list Axuall as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[AV8](https://millionrounds.com/fund/av8-ventures) VC firm Per its own site

[InHealth Ventures](https://millionrounds.com/fund/inhealth-ventures) VC firm Per its own site

[Epsilon Health Investors, LLC](https://millionrounds.com/fund/epsilon-health-investors-llc) VC firm Per its own site

## Quick answers about Axuall

### Who invested in Axuall?

Axuall's investors include M25, JumpStart, Flare Capital, North Coast Angel Fund and Frist Cressey Ventures, and 3 more on record.

### How much has Axuall raised?

Axuall has raised $10M across 2 rounds since 2019.

### When did Axuall last raise?

Axuall's most recent round was a Series B of $7.0M in Aug 2023.

### What was Axuall's biggest round?

Its most recent round, $7.0M in Aug 2023, is also its largest on record.

### Who backed Axuall first?

Axuall's first round on record, in Sept 2019, was backed by JumpStart, M25 and North Coast Angel Fund and 3 others.

### What stage is Axuall at?

Axuall's latest named round is a Series B, in Aug 2023.

### Where is Axuall based?

Axuall is based in the United States.

### Who led Axuall's rounds?

JumpStart led the Seed in 2019.

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